[JohnnyDSins]

Anyone recommend or know of a consolidation lender that will work with a merchant that has previously defaulted?

Merchant got talked into Debt Settlement in the past, has since had great payment history with multiple lenders but is currently a touch overleveraged and seeking a reverse. Revenue has been consistent.

Thanks for any input/advice.

[fundinggrasshopper]

most funders who offer rc's will not consider a merchant who previously defaulted

[Inhouselender]

Yes, we can consider if they have ZBLs

You can reach out at avi@alvaadvance.com or call me at 845-659-2686

[closer129]

Someone talked him into doing debt settlement so did that same person talk him into talking multiple advance and becoming over leveraged and needing a reverse to save his business and not default again.

[MichaelP]

Someone talked him into doing debt settlement so did that same person talk him into talking multiple advance and becoming over leveraged and needing a reverse to save his business and not default again.

Are you implying that our new friend Johnny here stacked the merchant talked him into the debt settlement and is now trying to add the cherry on top with a reverse?

[SouthfloridaMCA]

How long ago was the default? Is it satisfied? If it was over 3 months ago and is satisfied I know a few places that would take a look!

[JohnnyDSins]

I don't like to assume but.... merchant took an additional position as well as a renewal to facilitate some equipment purchasing. Already paying dividends but could use a little breathing room.

[fundinggrasshopper]

doesnt seem like its paying dividends if he needs a reverse lol....sounds more like he's f**ked!